Probate Work?

[Tony in Ohio]

The issue with the limited fees is covered by the judicial exception (as I understand it, I am not a USPAP expert). The whole limiting conditions and other reporting statements are moot as they are Fannie/Freddie forms and are only relevant for mortgage lending. It is my understanding that the county has a very limited reporting process. Basically I sign a paper stating what the value is. The judge reviewed my resume and deemed me a professional, and that is all they need. I believe all I need to do is have a thorough work file in order to be USPAP compliant, and of course to satisfy the judge if he has a problem. Of course, I could be wrong, that’s why I am asking here.


My business decision at this point is to accept a lower fee, In line with the saved reporting time and the potential exposure to a wide range of potential clients outside the traditional mortgage lending field. If it does not work out that way, I will stop doing them.


I whole heartedly agree that COD is the best course of action (I realize that Lawyers know the system, and how to milk it when they want to, I also know they are pretty hard to sue.) , I just am not sure how feasible it is.

 

[Doug in NC]

Tony,

Congratulations on getting the probate work. My question is, how did you do it? I have done a couple of mailings to attorneys and even tried calling them on the phone, but no luck yet.

I look forward to the day when I can say I no longer do work for lenders. They don't want real values, and they have unreal expectations of how quickly you should get work done for them.

Doug

 

[Tony in Ohio]

Doug,

A little persistence and a lot of luck.

Each local judge keeps his own approved list and will do a rotation “if’ the lawyer doesn’t want to use his favorite. I dropped a few names of lawyers who had “politely” told me I should get on the approved list, and it seemed to work. It’s just a toe in the door at this point, but I will keep working at it.